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Michigan attorney general reissues reverse mortgage consumer alert
HousingWire via Yahoo Finance· 6 days ago“While reverse mortgages can provide financial relief for some, they also come with significant...
Cash-out refinance: What it is and how it works
Bankrate via AOL· 2 weeks agoand can depend on your credit, but the money borrowed is typically repaid with a monthly payment, like a mortgage.Unlike a refinance, they can require...
FHA loans: Definition, requirements and limits
Bankrate via AOL· 2 weeks agoDisaster victims mortgage or 203(h) loan: If you’ve lost your home due to a major disaster and need to rebuild or buy a new home, an FHA 203(h) loan...
Get the lowest HELOC rates available in April 2024
CNN.com· 2 weeks agoIf you’re among homeowners looking to tap home equity, you may be closely watching home equity line of credit (HELOC) rates (and mortgage refinancing...
What is Home Equity?
Bankrate via Yahoo Finance· 2 weeks agoUnlike a HELOC or home equity loan, a cash-out refi might allow you to get a lower rate on your main mortgage, depending on market conditions, and...
When to use home equity for spring repairs (and when not to), according to experts
CBS News· 2 weeks agoBorrowing money for home repairs and other projects this spring can be very expensive. For example,...
What Is An Interest-Only HELOC?
Consumer Affairs· 2 weeks agoHELOCs provide a maximum line of credit that can be drawn down and repaid repeatedly. During the draw period, HELOCs have interest-only payments based on a variable interest rate. How does an interest-only HELOC work?
Afternoon Briefing: Lake County reports record numbers of homeless
Chicago Tribune· 4 days agoPrairie State College’s use of Victory Apostolic Church in Matteson resulted in payments of $8,850...
'The Worst House on the Block': Here's Why This Couple Bought a Fixer-Upper Victorian
San Francisco Chronicle· 6 days agoThe couple recently purchased a Victorian for $360,000—a bargain in Ferndale, CA, where homes are...